noun. The state of being liquid.

noun. The quality of being readily convertible into cash.

noun. Available cash or the capacity to obtain it on demand.

noun. The state or quality of being liquid; fluid consistence; capacity of flowing freely.

noun. The quality of being smooth, flowing, and agreeable: said of sound, music, etc.

noun. The state or quality of being liquid.

noun. The state or property of being liquid.

noun. An asset's property of being able to be sold without affecting its value; the degree to which it can be easily converted into cash.

noun. Availability of cash over short term: ability to service short-term debt.

noun. the state in which a substance exhibits a characteristic readiness to flow with little or no tendency to disperse and relatively high incompressibility

noun. the property of flowing easily

noun. being in cash or easily convertible to cash; debt paying ability

"But what if the Fed has to sell assets to drain liquidity from the economy faster than it might prefer, and thus take losses on its portfolio?"